If the Quantity of Textbooks Supplied Is 10,000 Per Year

question 40

Multiple Choice

If the quantity of textbooks supplied is 10,000 per year and the quantity of textbooks demanded is 8,000 per year,there is a ________ in the market and the price will ________.

• A)shortage;rise
• B)shortage;fall
• C)surplus;rise
• D)surplus;fall
• E)surplus;either rise or fall depending on whether supply increases to meet the surplus

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Definitions:

Diverse Ways

Varied or different methods, approaches, or manners in which something can be done or thought about.

Society

A group of individuals involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Martin Luther King, Jr.

An iconic leader of the American civil rights movement, known for his advocacy for nonviolent resistance to achieve racial equality and his famous "I Have a Dream" speech.

Abraham Lincoln

The 16th President of the United States, known for leading the country during the Civil War and emancipating slaves with the Emancipation Proclamation.